Political Quotes

Jeff Bingaman: “I know that Senator Domenici is aware of another situation that has had a negative impact on States' share of Federal…”

On the recordApril 6, 2000
I know that Senator Domenici is aware of another situation that has had a negative impact on States' share of Federal mineral receipts. Subtitle C of Title X of the Omnibus Budget Reconciliation Act of 1993 put in place a system for allocating mineral revenues between the States and the United States that is complicated and difficult to administer. It has resulted in confusion and conflict between States and the Federal Government, and the Inspector General of the Department of the Interior has noted that the agencies' budgeting processes and accounting systems were not designed to accumulating costs in the detail required for administering the system. The system is criticized by both the States and the Federal agencies charged with administering it, and it is time for it to be changed.
Said by
Jeff Bingaman
Democratic · New Mexico

Editor's note · Context

Discussing the negative impact of federal mineral revenue allocation on states.

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